NODWIN Gaming, an Indian esports company, has signed definitive and binding documentation to raise 232 crore rupees ($28 million) in funding.
The company expects to receive the funds from new and existing investors, including its parent company Nazara Technologies, Krafton and JetSynthesys, a digital entertainment firm.
NODWIN Gaming is planning to use the cash to expand its intellectual property portfolio and venture into emerging markets.
Furthermore, the equity fundraising is expected to boost the company's valuation to $349 million.